CEZ A.S.

M&A Activity • Jan 30, 2017

Internal Information

CEZ Group knows the tender winners for its housing assets in Prague

The energy conglomerate CEZ Group has selected the winners of its tenders for the sale of its housing assets in Prague Písnice and a residential building in Prague Vršovice. It has also selected the winner of a tender for the sale of an adjacent commercial center in Prague Písnice. The decision was made today by the governing bodies of the company. The tenders lasted more than half a year, and from the sale ýEZ will earn CZK 1.45 billion. The tenders were announced for the sale of the last large portfolio of residential units owned by ýEZ, which has already completed the sale of 7,000 residential units from the total 8,000 residential units that it owned.

The highest offer for the purchase of 739 residential units from the housing assets in Prague Písnice was CZK 1.305 billion, offered by Kennial, a. s. Five companies participated in the tender.

The highest offer for the purchase of the commercial centre in Prague Písnice was CZK 68.2 million, offered by STN Invest, s. r. o. Nine companies participated in the tender.

The highest offer for the purchase of the residential building in Prague Vršovice was CZK 72.2 million, offered by AIDA Praha, a. s. Seven companies participated in the tender.

CEZ Group opted for the sale in accordance with its strategy, the basis of which is fully and exclusively concentrating on its main business, the energy sector, and on business areas directly related to energy, which do not include real estate property management. In view of this strategy, there was no reason to continue to manage the housing assets due to the high costs of that activity.